CEO reviled for drug price hike charged with securities fraud

December 17, 2015 12:19 PM

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Martin Shkreli, the hedge fund manager and drug company CEO who became a poster boy for Wall Street greed when he raised the cost of a life-saving pill from $10.50 to $750, has been arrested on securities fraud, CBS News has confirmed.

A law enforcement source confirmed that Shkreli was arrested by the FBI at his home in Manhattan Thursday on security fraud charges, CBS News senior investigative producer Pat Milton reports. He is being processed at FBI headquarters in New York and is expected to be arraigned later today in Federal...